Fair Isaac (NYSE:FICO) Issues Quarterly Earnings Results

Fair Isaac (NYSE:FICO) posted its quarterly earnings data on Wednesday. The technology company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $0.25, FiscalAI reports. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $501.05 million.

Fair Isaac Price Performance

Fair Isaac stock traded down $17.49 during midday trading on Wednesday, hitting $1,527.51. The company’s stock had a trading volume of 363,394 shares, compared to its average volume of 293,083. The company has a market cap of $36.29 billion, a price-to-earnings ratio of 57.53, a PEG ratio of 1.66 and a beta of 1.30. Fair Isaac has a 1-year low of $1,300.00 and a 1-year high of $2,217.60. The company has a 50-day moving average price of $1,700.05 and a two-hundred day moving average price of $1,605.02.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 2,400 shares of Fair Isaac stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares in the company, valued at approximately $18,945,577.04. The trade was a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the transaction, the director owned 344 shares in the company, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,347 shares of company stock valued at $7,691,229. 3.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently added to or reduced their stakes in FICO. Great Lakes Advisors LLC grew its position in Fair Isaac by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after acquiring an additional 6 shares during the last quarter. San Luis Wealth Advisors LLC lifted its holdings in Fair Isaac by 2.8% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 253 shares of the technology company’s stock worth $379,000 after buying an additional 7 shares during the period. Advisory Services Network LLC increased its position in Fair Isaac by 0.4% during the 3rd quarter. Advisory Services Network LLC now owns 2,016 shares of the technology company’s stock valued at $3,017,000 after purchasing an additional 8 shares during the period. Benjamin Edwards Inc. raised its stake in Fair Isaac by 2.4% during the second quarter. Benjamin Edwards Inc. now owns 479 shares of the technology company’s stock worth $876,000 after buying an additional 11 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Fair Isaac by 100.0% in the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock worth $44,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Seaport Research Partners raised Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Jefferies Financial Group raised their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Zacks Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,092.15.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.